-- Rising costs and intensifying competition for home loans at Australia’s biggest banks are combining to set up a grueling earnings season over the next two weeks.Markets Rally as Powell Says Fed Has ‘Come Far’: Markets Wrap
One area that could provide a positive surprise are bank provisions for bad debt charges. With an economy that’s showing no signs of an upcoming surge in the unemployment rate, some analysts expect this economic resiliency will mean these buffers can be reduced. “It is highly anticipated to see from the upcoming earnings that the margin headwind has begun to blow unevenly across the sector, which entails two key watch points: who is leading the way to move past the peak of the net interest margin curve, and who is winning the cash game to stock up for the rainy days ahead,” said Hebe Chen, an analyst at IG Markets in Melbourne.
Blue-chip stocks are some of the best options on the market, but these three are where you could see a secure turnaround. The post Canadian Blue-Chip Stocks: The Best of the Best for November 2023 appeared first on The Motley Fool Canada.
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